Ripple Price Analysis: XRP/USD bulls step up following Thursday’s bloodbath

XRP/USD bulls pushed the price back inside the 20-day Bollinger Band.
The William’s %R is trending inside the oversold zone, showing that the asset is currently undervalued.

Rajarshi Mitra Independent Analyst

XRP/USD daily chart

XRP/USD went up from $0.1881 to $0.1892 in the early hours of Friday and re-entered the 20-day Bollinger Band. This followed a heavily bearish Thursday, wherein the price plummeted from $0.203 and dropped below the 20-day Bollinger Band. The MACD shows increasing bearish momentum, while William’s %R is trending inside the oversold zone, indicating that the asset is currently undervalued.

Support and Resistance

XRP/USD bulls face strong resistance levels at $0.1926, $0.1959, SMA 20 and SMA 50. On the downside, there are healthy support levels at $0.1817 and $0.1765.

Key levels

XRP/USD

Overview
Today last price	0.1892
Today Daily Change	0.0010
Today Daily Change %	0.53
Today daily open	0.1882

Trends
Daily SMA20	0.2008
Daily SMA50	0.2041
Daily SMA100	0.193
Daily SMA200	0.2129

Levels
Previous Daily High	0.2037
Previous Daily Low	0.1844
Previous Weekly High	0.2147
Previous Weekly Low	0.1973
Previous Monthly High	0.2268
Previous Monthly Low	0.178
Daily Fibonacci 38.2%	0.1918
Daily Fibonacci 61.8%	0.1963
Daily Pivot Point S1	0.1804
Daily Pivot Point S2	0.1727
Daily Pivot Point S3	0.1611
Daily Pivot Point R1	0.1998
Daily Pivot Point R2	0.2115
Daily Pivot Point R3	0.2192

Author

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

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Ripple Price Analysis: XRP/USD bulls step up following Thursday’s bloodbath